Investor’s dream in the heart of Historic Little Havana. This 8-unit multifamily property features spacious 2- bedroom, 1-bathroom apartments. Currently generating over $18,000 per month in rental income, all 8 units are leased with vetted and qualified tenants and yearly long-term leases. Immense potential to convert all units into short- term rentals, which will significantly boost rental income. Renovated in 2021, each unit boasts new bathrooms, kitchens with granite countertops, in-unit washer/dryer, AC splits, upgraded plumbing, and electrical panels. The 40-Year Re-Certification is nearing completion, offering peace of mind to the new owner. Just steps from Calle Ocho’s renowned eateries, shopping, nightclubs, and rich cultural heritage, this property is a gem!
Multi-familyProperty Type
1924Year Built
$362Est. Price/Sq.Ft.
Listed by John Verea• FI Real Estate Brokerage LLC
•310-733-8183 (agent)
•Jv@Fi.realestate (agent)
•646-662-8504 (broker)
•fi@fi.realestate (broker)
Bought with Yonathan Berdugo• London Foster Realty
GALA REAL ESTATE SERVICES IS PROUD TO PRESENT AZUL CASA MIA RESIDENCE IN THE HEART OF LITTLE HAVANA, WALKING DISTANCE TO CALLE 8. THIS AMAZING 8-UNIT BUILDING WITH ALL 2 BEDROOMS 1 BATHS IS COMPLETELY RENNOVATED WITH NEW IMPACT WINDOWS 2021, BEAUTIFUL KITCHENS STAINLESS STEEL APPLIANCES & QUARTZ COUNTERTOPS, MINI SPLIT AC UNITS, WASHER/DRYER COMBO IN EACH UNIT, NEW FLOORING, LIGHT FIXTURES, HIGH HATS LIGHTING, LED LIGHTS. TURN KEY PROPERTY WITH YEARLY LEASE TENANTS IN PLACE, LOCATED IN A VERY CENTRAL AREA, MIN TO DOWNTOWN, BRIKELL, COCONUT GROVE, MIDTOWN, CORAL GABLES. WALKING DISTANCE TO BARS, RESTAURANTS, GALLERIES AND SHOPS. THIS BUILDING IS ALSO ZONED FOR AIRBNB.
Public Records
Mar 26, 2020
Sold
$926,900
$154/sq ft
Public Records
Jul 15, 2019
Sold
$5,390,800
$896/sq ft
Public Records
Aug 29, 2012
Sold
$1,775,000
$295/sq ft
Public Records
Oct 31, 2006
Sold
$2,213,000
$368/sq ft
Public Records
Mar 1, 1986
Sold
$38,000
$6/sq ft
Public Records
Jul 1, 1984
Sold
$100,000
$17/sq ft
Public Records
Feb 1, 1984
Sold
$270,833
$45/sq ft
Public Records
Jun 1, 1981
Sold
$118,000
$20/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$28,814 (−16.8%)
$500,000 + $941,600
$1,441,600
2024
$34,637 (−2.5%)
$500,000 + $941,600
$1,441,600
2023
$35,542 (+124.6%)
$450,000 + $1,279,002
$1,729,002
2022
$15,822 (+34.2%)
$450,000 + $1,279,002
$1,729,002
2021
$11,793 (−0.2%)
2020
$11,821 (+9.4%)
$300,000 + $255,044
$555,044
2019
$10,808 (+16.4%)
2018
$9,286 (−1.1%)
$200,000 + $243,327
$443,327
2017
$9,391 (+5.8%)
$200,000 + $243,327
$443,327
2016
$8,877 (+4.1%)
$200,000 + $243,332
$443,332
2015
$8,528 (+7.2%)
$175,000 + $231,763
$406,763
2014
$7,956 (+0.1%)
2013
$7,947 (−3.5%)
2012
$8,237 (−0.7%)
$150,000 + $214,596
$364,596
2011
$8,293
Tax history for 1648 SW 7th St
Year
Property tax
Land + Additions
Assessment*
2025
$28,814 (−16.8%)
$500,000 + $941,600
$1,441,600
2024
$34,637 (−2.5%)
$500,000 + $941,600
$1,441,600
2023
$35,542 (+124.6%)
$450,000 + $1,279,002
$1,729,002
2022
$15,822 (+34.2%)
$450,000 + $1,279,002
$1,729,002
2021
$11,793 (−0.2%)
2020
$11,821 (+9.4%)
$300,000 + $255,044
$555,044
2019
$10,808 (+16.4%)
2018
$9,286 (−1.1%)
$200,000 + $243,327
$443,327
2017
$9,391 (+5.8%)
$200,000 + $243,327
$443,327
2016
$8,877 (+4.1%)
$200,000 + $243,332
$443,332
2015
$8,528 (+7.2%)
$175,000 + $231,763
$406,763
2014
$7,956 (+0.1%)
2013
$7,947 (−3.5%)
2012
$8,237 (−0.7%)
$150,000 + $214,596
$364,596
2011
$8,293
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
8
Baths
4
Stories
2
Lot width
—
Lot depth
—
Lot size
5,000 Sq. Ft.
Year renovated
1944
Sq. Ft.
3,490
Year built
1924
Style
Multi-Family (5+ Unit)
County
Miami-Dade County
APN
0141020120050
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 14, 2026.
T5-O
Urban Center Transect - Open Zone
The Urban Center Zone consists of higher Density Mixed-Use Building types that accommodate retail and office Uses, rowhouses and apartments. A network of small blocks has Thoroughfares with wide Sidewalks, steady street tree planting and Buildings set close to the Frontages with frequent doors and windows.
Permitted uses
Include but are not limited to:
Religious facility
Restaurant
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Student
Hotel / motel
Mixed use
Office
Research & development
Property details
Interior
Virtual Tour
Exterior
Building Information
Stories: 2
Year Built Details: Resale
Roof Details: Flat
Construction Details: Block
Lot Information
Lot Features: Less Than Quarter Acre
Zoning Description: 6101
Financial
Tax Information
Annual Tax Amount: $34,120
Tax Year: 2023
Rental Information
Rent Includes: Gardener, Pest Control, Sewer, Trash Collection
Utilities
Utility Information
Utilities: Cable Available
Sewer: Public Sewer
Heating & Cooling
Has Cooling
Cooling: Central Air
Has Heating
Heating: Central
Public facts
Beds: 8
Baths: 4.0
Sq. Ft.: 3,490
Stories: 2.0
Lot Size: 5,000 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1924
Year Renovated: 1944
County: Miami-Dade County
APN: 0141020120050
Home facts updated by county records on Oct 14, 2026
Around this home
Schools
K - 12
Preschool & daycare
Riverside Elementary Community School
Public PreK-5 • Assigned • 0.6mi
4/10
Jose De Diego Middle School
Public 6-8 • Assigned • 2.9mi
4/10
Booker T. Washington Senior High School
Public 9-12 • Assigned • 1.8mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
3/10 Flood Factor
Estimated 10-14% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
10/10 Heat Factor
8 days above 103° expected this year, 32 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Miami, FL • 33135
Average low and high temperatures (°F)
75
60
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67
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91
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88
77
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76
81
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78
67
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.5 hours in
June and 6.9 hours in December, placing it above the
U.S. average for solar exposure.